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What is The Real Cost of A Lemonshark Poke Franchise?
Fast-casual restaurants are profitable franchises because of their tried-and-tested business model. Big-name fast-casual restaurants like Subway, McDonald’s, and KFC can become an easy choice. However, other fast-casual restaurants may also have a place and opportunity to become an investment in the long run. One of them is LemonShark Poke, self-dubbed as a “fine casual” offering healthier food options for consumers needing a quick bite.
So, if you’re interested in franchising and learning more about the restaurant, here’s what to expect in franchising a LemonShark Poke restaurant.
LemonShark Poke Franchise Overview
Tobi Miller and Richard Gottlieb, owners of LemonShark Poke, have a deep connection to Hawaiian culture. Before starting LemonShark Poke, they had separate restaurants, but eventually formed the fast-casual restaurant franchise after meeting with Hawaiian chef, Brunson Achiu.
They started franchising LemonShark Poke in 2017 and currently have 12 locations, with 60 under development in the coming years.
Presently, they have seven signature Poke bowls available for diners:
- O.G. Hawaiian
- Samoan Ahi Pineapple
- Yuzu Lychee Albacore
- Sichuan Shrimp
- California Roll Bowl
- Coconut Shrimp Islander
- Power Bowl
Other food selections include their Hawaiian Hot Plates, appetizers, and sides. In addition, diners can even build their own Poke bowl.
Training
LemonShark Franchising, LLC (the franchisor) will provide a training program to its franchisees. Firstly, they can find and access training information in the LemonShark system. Moreover, operation methods in their California training offices or the franchisee’s location. Up to two supervisory or managerial personnel can attend alongside the general manager and principal owner. Meanwhile, for operating a TurnKey Makai restaurant, the franchisee will undergo a two-week training program.
The franchisor will provide another six-day training for managerial and supervisory personnel after opening the franchise on the franchisee’s first opened restaurant. Plus, the franchisor also has the right to conduct extra training for the principal owner and general manager after opening the franchise.
Additional training or conferences may be held. At times, the franchisor will require the principal owner and general manager to attend the annual conference.
Territory
The franchisee can only operate under the terms agreed on the Franchise Agreement, but they won’t have an exclusive territory. However, they will be granted a one to five-mile protected territory as arranged in the Franchise Agreement.
The franchisor has the following considerations in determining the protected territory:
- Demographics
- Population size and age
- Income levels
- Neighboring locations
- Traffic
- Road visibility
- Nearby LemonShark locations
Obligations and Terms of Agreement
The franchisee must appoint a principal owner, one who has the capabilities to handle the operational responsibilities. Their responsibilities only extend to a managerial capacity, to which they are expected to dedicate their full time to. They should also at least own 50% of voting rights and equity.
Aside from that, the franchise should also designate a general manager, who will take over as the principal owner in case they can’t fulfill their duties. They’re also not required to have any voting rights or equity.
As for selling, the franchisees must strictly follow what is mandated by the franchisor. Items such as gaming, vending machines, payphones, ATMs, internet kiosks, mechanical and electrical items are prohibited unless approved by the franchisor.
An initial franchise term for any LemonShark Poke franchise is 10 years. But, the franchisor can grant an additional 10-year period if a franchisee fulfills all requirements.
LemonShark Poke Franchise Cost
The estimated initial franchise fee for any LemonShark Poke ranges from $341,950 to $866,400. Among the additional expenses include royalty fees, marketing fund fees, and technology fees.
Unfortunately, the franchisor doesn’t offer financing options and will not guarantee a franchise note, obligation, or lease.
You can refer to the tables for the breakdown of the franchise fee and other costs in starting a LemonShark Poke franchise.
Your Investment
| Name of Fee | Low | High |
|---|---|---|
| Utility Deposits, Fees, Permits & Licenses | $5,500 | $12,500 |
| Architects’ and Permit Expediter Fees | $15,000 | $42,000 |
| Construction Management Fee | $3,500 | $17,500 |
| Other Pre‐Construction Costs | $12,000 | $30,000 |
| Leasehold/Construction | $114,500 | $395,000 |
| Exterior Signage | $5,000 | $18,000 |
| Interior Signage | $4,000 | $9,500 |
| POS System and Software; Back Office Computer, Printer and Related Hardware and Software; Sound System; Televisions and Office Supplies | $6,000 | $8,500 |
| Equipment/Smallwares | $45,000 | $59,000 |
| Designated Furniture, Millwork and Countertops, Sneeze Guard, Trash Can Caddies & Trash Cans, Lighting Fixtures, Menu Boards & Ad Boxes, Drink Station and Beer Wall (if applicable) | $37,500 | $101,200 |
| Opening Inventory | $11,000 | $15,000 |
| Beer & Wine License Costs | $750 | $1,500 |
| Grand Opening Marketing and Promotion | $2,500 | $5,000 |
| Franchised Location (Lease Deposit/3 Months’ Rent) | $10,000 | $60,000 |
| Insurance – Liability & Workers Compensation (initial deposit) | $1,200 | $1,200 |
| Legal Fees/Organizational Expenses | $5,000 | $15,000 |
| Training Expenses (Travel and Living Expenses) | $3,500 | $5,500 |
| Initial Franchise Fee | $40,000 | $40,000 |
| Additional Funds (3 months) | $20,000 | $30,000 |
| ESTIMATED TOTAL (for a regular restaurant or Makai by LemonShark restaurant)* | $341,950 | $866,400 |
Other Costs
| Type of Fee | Amount |
|---|---|
| Royalty Fees | 6% of gross sales. |
| Marketing Fund Fees | 2% of gross sales. |
| Technology Fee | $250 monthly |
| Intranet Fee | $150 monthly |
| Local Store Marketing Expenditure | 2% of gross sales. |
| Cooperative Marketing Fees | The franchisor determines and 50% or more of the participating LemonShark restaurants in the cooperative marketing program, not exceeding 2% of gross sales. |
| Late Charge | 1.5% per month or 18% per year plus $200 |
| Pre‐Opening Additional Initial Training Fees | $2,500 per additional trainee plus expenses |
| Post‐Opening Additional Initial Training Fees | $1,000 weekly for each of the franchisor’s employees who provide post-opening additional initial training programs for franchisees, plus expenses |
| Post-Opening Additional/Remedial Training Program Daily Fee | $250 daily for each of the franchisor’s employees who provide post‐opening additional training programs, plus expenses |
| Manual Replacement Fees | $500 |
| Inspection Fees | $500 per re‐inspection. |
| Insurance | Amount of unpaid premiums and the franchisor’s out of pocket costs. |
| Transfer Fee | $10,000 |
| Renewal Fee | The greater of $5,000 or 1% of gross sales during the preceding 12 calendar months of operations. |
| Non‐Cash Payment System | All costs associated with non‐cash payment systems. |
| Default Reimbursement | The franchisor’s costs and expenses from the franchisee’s default. |
| Audit | Cost of audit plus 1.5% per month |
| Interim Management Fee | To be determined. |
| Gross‐Up Fees | Varies |
| Sanitation and Food Safety Audits | Inspection cost |
| New Product and Supplier Testing Fees | Actual cost of inspection testing; + $1000 deposit |
| Annual Conference Fee | $500 |
| Pokemobile (Food Truck) Rental Fee | $100 per day plus all costs for operation of the food truck. |
| Post‐Termination Gross Revenue Fee | 8% of all revenue derived from the operation of the competitive business. |
| Relocation Fee | $2,500 |
| Relocation Assessment | An amount equal to the royalty fees franchisees paid for their original franchised restaurant during the last preceding calendar year + 10%. |
| Private Offering Fee | $10,000 or such greater amount |
Did You Know?
- LemonShark Poke has earned a spot in Entrepreneur’s list of The Best Of: Asian Food and (#7) and the 2021 Top New Franchise Ranking (#86).
- They offer catering services to selected states: California, Florida, Illinois, Louisiana, North Carolina, New York, and Texas.
- They’ve sponsored over 1225 lbs of ocean clean-up as well.
- They have created 850+ jobs since franchising their restaurant.
Interested in other fast-casual or restaurant franchises? Check out Franchise How for other information.
Are you gearing up for a new business in 2024? Forget the next big tech start-up -the latest trend in town might be a perfectly toasted baguette. Take Paris Banh Mi Cafe and Bakery, for instance. This Vietnamese sandwich shop is rapidly growing, with locations popping up from coast to coast, from California to Florida.
But what’s the secret behind their success? Explore why the Paris Banh Mi franchise has snowballed in the last two years and be inspired to start your own business .
About Paris Banh Mi
The French baguette was introduced in Vietnam in the mid-19th century when the country was still a part of French Indochina. In the 1950s, Saigon saw the birth of a unique Vietnamese sandwich, “bánh mì,” which quickly became a favorite food of a large part of the population.
The story of Paris Banh Mi started in Orlando, Florida, at 1021 E Colonial Drive in 2019. Hien Tran and Doan Nguyen, a married couple passionate about food, opened the first Paris Banh Mi location. Their concept was simple: bring the delicious flavors of Vietnamese banh mi sandwiches, traditionally baguettes filled with savory meats and pickled vegetables, to a broader audience.
The customers quickly fell in love with the fresh ingredients, bold flavors, and convenient fast-casual setting. Now, Paris Banh Mi Cafe and Bakery promises to bring their customers the best “Baguette Banh Mi” taste.
In just two years, the laid-back cafe and bakery in Florida multiplied into a chain of stores in the county. Today, Paris Banh Mi is serving customers in 46 locations all across the USA. The company plans to expand to 100+ locations by 2026.
Each Paris Banh Mi Cafe and Bakery has a clean and spacious dining area, fast service, friendly staff, and a selection of delicious food and pastries. Take a peek at some of their mouth-watering baguette sandwiches filled with authentic Vietnamese ingredients.
Source: Paris Banh Mi website
For those craving something sweet, the bakery indulges you with a variety of French pastries. Check out their sandwiches, pastries, and beverages on the Paris Banh Mi Cafe and Bakery menu page.
Source: Paris Banh Mi website
Why Own a Paris Banh Mi Franchise
Paris Banh Mi is a franchised quick-service restaurant offering exciting opportunities for aspiring business owners. Many nail salon owners and aspiring entrepreneurs are switching to buying a Paris Banh Mi franchise. The main reasons why they love Paris are:
- It opens a great opportunity and is more profitable.
- Seamless franchising process and fewer things to worry about
- Required low capital to open
- Higher end-of-year profits
The benefits extend beyond operational efficiency. Paris Banh Mi boasts a surprisingly low-cost entry point compared to other franchises.
The initial franchise fee is manageable at $60,000. The total investment for opening a Paris Banh Mi can range from $200,000 to $500,000. This amount reflects the option to acquire a pre-existing, equipped location (second generation) for a lower investment cost or a complete build-out from scratch option.
Regardless of the chosen route, the investment is significantly lower than that of building a business from the ground up, making Paris Banh Mi an attractive option for many entrepreneurs.
Licensing Information
Owning a Paris Banh Mi franchise is not just about delicious food! The company is looking for dedicated individuals who can run their restaurant full-time. They will provide a multi-day training program for new franchisees. In addition, Paris Banh Mi offers ongoing support for franchisees, guiding them to make informed decisions and thrive in this exciting industry.
You’re a good fit for a Paris Banh Mi Cafe Bakery franchise if you are:
- Passionate about food, especially fresh baguettes and pastries
- A self-starter with a proven track record in business
- Financially responsible with a focus on results
- Ready to fully commit to building the Paris Banh Mi brand
If you have what it takes, don’t hesitate to contact them through the franchise hotlines on their franchise opportunities page.
Conclusion
Buying a restaurant franchise is one of the most attractive routes in the world of franchising. Paris Banh Mi makes owning your own business a lot easier. Forget the high costs and headaches of starting from scratch. Their low investment and comprehensive training program mean you can be your own boss with a delicious product. If you are ready to take a bite out of success, contact Paris Banh Mi today!
Buying a franchise from Chick-fil-A is an excellent money-making and healthy option. The fast-food chain has been serving hungry consumers the most delicious chicken sandwiches unmatched by other fast-food restaurants. Buying a Chick-fil-A franchise means investing in a good business and your future. It also lets you continue the culture behind the popular food chain. Here are Chick-fil-A franchising opportunities that will give you entrepreneurial freedom in 2024.
Company Overview
Founded in 1946 by Truett Cathy, Chick-fil-A is deemed one of the longest-running chicken sandwich chains in the United States. The founder opened his first chain in Hapeville, Georgia, and has become a favorite soul food for many. Truett had worked in restaurants seven times a week and knew the importance of rest. That’s why he vowed to close Chick-fil-A every Sunday. He values rest and worship, so he sets aside one day of the week for his employees—a practice that Chick-fil-A still upholds today.
Chick-fil-A also selects franchisees that uphold their values and passion. The company takes great care in selecting who they do business with, which includes getting to know candidates through a lengthy and intensive selection process. The founder’s vision is to influence the people and communities they serve. Chick-fil-A also seeks franchise candidates in Puerto Rico, Canada, and the United States.
Chick-Fil-A candidates are required to show personal financial integrity and stewardship. They also need to have proven experience in leadership and a strong business acumen. Chick-fil-A ensures that candidates showcase entrepreneurial spirit, a strong character, and a growth mindset. This is to uphold the vision and values that Truett started in 1946.
Franchise Training Details
- The initial on-site training programs last three to four weeks. However, the duration and actual location of the training will vary.
- The training program primarily covers operational aspects, such as food preparation, service, customer relations, accounting, communications, purchasing, planning, maintenance, policies, management styles, and marketing.
- The franchisor may require franchisees to attend various conferences and seminars occasionally. This is on top of the initial training program.
- The franchisor may also offer various programs that operators can use in advertising products or hiring staff, which aren’t stipulated in the Franchise Agreement.
Franchise Territory
- The franchisor will grant franchisees one Chick-fil-A restaurant at the franchisor’s designated location.
- Franchisees will not get exclusive or protected territory, so they may face competition from other operators.
Franchise Obligations and Conditions
- Franchisees must devote their time and effort 100% to operating their Chick-fil-A restaurant.
- The franchisor only allows franchisees to sell products approved by Chick-fil-A. This also applies to franchisees with a Chick-fil-A-associated food truck.
Franchise Term and Renewal
The franchise term expires on early December 31, the year the agreement is signed or whatever the lease expiration is. Franchisees may apply for one-year extensions unless written notice is given 30 days before the franchise term expires.
Financial Assistance
- The franchisor designates locations, leases, and subleases the store’s premises to franchisees. The lease and sublease terms will vary depending on the type of Chick-fil-A restaurant and location.
- The franchisor also engages in concession agreements that oversee the utilization of non-traditional satellite unit locations with the proprietors or administrators of said satellite unit spaces.
- The franchisor offers extended payment periods for specific pre-opening costs stipulated in the Franchise Agreement. Additionally, the franchisor leases equipment to operators, charging a monthly rental fee based on the fair market rental value established by Chick-fil-A using its singular and exclusive business judgment. It’s important to note that neither the franchisor nor any affiliated entities provide any financing arrangements to operators, either directly or indirectly.
Did You Know?
Here are some fun facts about Chick-fil-A you need to know!
- Did you know that Chick-fil-A only uses peanut oil for frying? That’s what makes the chicken its unique flavor! Chick-fil-A is also the single most significant purchaser of peanut oil in the United States. They also believe peanut oil is a healthier option.
- The best Chick-fil-A promotional gig was the “First 100,” where the first 100 customers inside a new Chick-fil-A restaurant would get free chicken for a year.
- Did you know that the founder, Truett Cathy, invented the chicken sandwich? He worked for a restaurant in Atlanta, and the newly delivered chicken breasts were too big to serve as airline food. He turned this into a meal for the staff.
- You can get a free ice cream cone by walking up to the counter and trading your toy when ordering the kid’s meal.
Franchise Cost
Your Investment
| Name of Fee | Low | High |
|---|---|---|
| Initial Franchise Fee | $10,000 | $10,000 |
| Opening Inventory | $13,500 | $140,000 |
| First Month’s Rental of Equipment | $750 | $5,000 |
| First Month’s Lease/Sublease of Premises | $2,550 | $85,500 |
| First Month’s Insurance Expense | $240 | $12,000 |
| Additional Funds | $491,345 | $2,550,935 |
| ESTIMATED TOTAL | $518,385 | $2,803,435 |
Other Fees
| Type of Fee | Amount |
|---|---|
| Advertising | May vary (a) between 0% to 3.25%, to be determined by Chick-fil-A, as a percentage of gross receipts or (b) by vote of operators in local or regional areas. |
| Advertising Support and Services Fee | Advertising support and services fees incurred, if any, will vary based upon the support and services offered by the franchisor, and selected and received by the operator; the current in-house blended hourly rate for services is $100; Operator will pay any additional fees, costs and expenses as applicable. |
| Additional Franchise Fee | $5,000 for each additional Chick-fil-A restaurant business. |
| Business Services Fee | $300 (monthly). |
| Rent (Traditional Restaurant) | $2,550 to $85,500 (including where applicable, percentage rent). |
| Occupancy Charge (Satellite Unit) | Determined under the concession agreement attached as an exhibit to the concession sublicense agreement; currently estimated to range between 4% and 30% of gross receipts. |
| Food Truck Usage Fee (Food Truck) | Currently $2,100 to $3,100, plus additional fees, costs and expenses. |
| Food Truck Insurance Fee (Food Truck) | Currently $250 to $450 (monthly). |
| Insurance | $240 to $12,000 (monthly). |
| Equipment Rental | Currently $750 to $5,000 (monthly). |
| Hardware and Software Support; High-Speed Internet Access | $9,500 to $20,000 (annually). |
| Fines – Minimum Standards and Procedures | Will vary under the circumstances. |
| Indemnification | Will vary under the circumstances. |
| Operating Service Charges | Determined by formula. |
| Credit Cards Fees and Related Processing Fees | Will vary. |
| Highway Signage | Will vary under circumstances. |
| Interest on Late Payments | The maximum rate permitted by law, or if none, 1.25% per month. |
| Cash Handling System Services | $85 to $450 (monthly) |
| Reimbursement of Cost of Performance | Costs and expenses of performance. |
| Holdover Liquidated Damages | Double the base rent and percentage rent. |
Here are the Chick-fil-A franchise costs:
If you’re looking for another investment opportunity, visit Franchise How’s website for more information.
Taking care of your home’s plumbing system is an essential part of being a homeowner. However, not everyone has the skill and patience to do it, and so franchises such as Zoom Sewer and Drain Cleaning are some of the most lucrative. Here’s what you need to know if you’re thinking of getting it:
Franchise Description
Zoom Sewer and Drain Cleaning provides drain cleaning, maintenance, sewer inspections, repair and replacement services for residential and commercial customers. The business began in 1995 and had been franchising since 2013. They have their headquarters in Norristown, Pennsylvania, and Zoom Franchise Company, LLC is the franchisor.
Training
Training for the franchisee’s principal owner and personnel will be provided by the franchisor or its representatives and agents. Before starting your franchise, Zoom Sewer and Drain Cleaning will require you to complete their training program. It comes in two phases:
- Phase 1: 2 to 3 days training at the Franchise Business
- Phase2: 2 to 3 days in Norristown, PA
The franchisor may also require you to attend additional training during the length of your term agreement. The franchisor is planning to hold a 2 to 3-day national Zoom Fest yearly. This will be held in Norristown, PA, or any location it designates. They will require franchisees to attend, but their managers will be welcome.
Territory
The franchisor will designate a protected territory where the franchisees will operate their business. Before signing any Franchise Agreement, both the franchisor and the franchisee will agree on a geographic territory.
The franchisor will base the protected territory on contiguous zip codes that will consist of approximately 500,000 individuals. This will be based on the most recent U.S. Census data at the time of signing the franchise agreement. This means that as long as the deal is taking effect, the franchisor or its affiliates will not locate, operate, or grant a franchise for another Zoom Sewer and Drain Cleaning business within the protected territory.
Obligations
The franchisor requires the franchisee or its principal owner to exert every effort to take responsibility for the management of the business. They will do this on a daily basis unless they agree on an alternate arrangement. With the franchisor’s discretion, the franchisee can hire a manager to handle the operations of the business.
Franchisors will also require you to sell products and services that have their approval. On the other hand, franchisees aren’t allowed to sell unauthorized products or services in compliance with the franchise agreement. Franchisees are also not allowed to solicit business outside of the protected territory. They are, however, permitted to serve customers outside of the protected territory as written in the FDD.
Term of Agreement
The initial franchise will take ten years after the signing of the agreement. You can renew the contract for another ten years, for four times, if you continue to meet the requirements.
Financial Assistance
Zoom Sewer and Drain Cleaning doesn’t offer direct or indirect financial assistance to its franchisees. In addition, they will not guarantee a franchisee’s note, lease, or obligation.
Did You Know?
Get to know more about Zoom Sewer and Drain Cleaning before you get that franchise. Here are some facts about the business:
- They have very little competition in the niche. Most of their competitors are independent plumbers and contractors
- According to the company’s co-founder and COO, Ellen Rohr, this is a recession-resistant business, and the Covid-19 pandemic has proven this
- They have a reported $12 million in revenue with 53 employees and 15 franchisees
Your Investment
The table below shows the estimated cost of a Zoom Sewer and Drain Cleaning franchise. Take note that these numbers may change without any prior notice.
| Name of Fee | Low | High |
|---|---|---|
| Initial Franchise Fee | $35,000 | $35,000 |
| Lease | $3,000 | $9,000 |
| Leasehold Improvement | $2,000 | $40,000 |
| Furniture, Fixtures and Computer System | $7,500 | $13,000 |
| Vehicles | $7,000 | $9,500 |
| Vehicle Wrap and Design | $4,500 | $5,500 |
| Initial Equipment and Inventory of Supplies | $40,000 | $50,000 |
| Business Licenses and Permits; Deposits and Pre-Paid Expenses | $0 | $5,000 |
| Professional Fees | $500 | $3,000 |
| Insurance – Quarterly | $4,000 | $6,000 |
| Initial Training Expenses | $500 | $3,000 |
| Initial Marketing Expenses | $45,000 | $60,000 |
| Additional Funds – 6 months | $50,000 | $100,000 |
| ESTIMATED TOTAL | $199,000 | $341,000 |
Other Costs
| Type of Fee | Amount |
|---|---|
| Royalty Fee | 5% of Net Sales. |
| Marketing Fee | Up to 2% of Net Sales. Currently, the franchisor does not charge this fee. |
| Call Center Fee | Up to $25 per scheduled appointment. Currently, the franchisor does not operate the Call Center or charge a Call Center Fee. |
| Technology Fee | The then-current Technology Fee; currently $500 per month. |
| Webpage Development and Optimization Fee | The then-current fee charged by the franchisor’s designated website SEO provider; currently $695 per month. |
| Additional Location Fee | The then-current Additional Location Fee; currently $2,000. |
| Transfer Fee | Up to 50% of the then-current Initial Franchise Fee. |
| Renewal Fee | Up to 25% of the then-current Initial Franchise Fee. |
| Additional Training and Assistance | Fee and all expenses. Currently $1,000 per day plus travel expenses. |
| National Conference | Reasonable fees and all expenses. |
| Testing for Supplier Approval | Reasonable fee. |
| Interest on Late Payments | Lesser of 1.5% per month or maximum legal rate. |
| Audit Fee | Cost of audit. |
| Taxes | Actual cost. |
| Indemnification | Will vary under circumstances. |
| Costs and Attorneys’ Fees | Will vary under circumstances. |
For other franchising information, check out more articles here at Franchise How!
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